Report clears CSA's finances

2011-09-19 15:07
CSA CEO Gerald Majola (File)
Cape Town - Cricket South Africa (CSA) has recently received the final report of KPMG’s independent audit of its finances.

The audit specifically covers the 2009 Indian Premier League (IPL) and the ICC Champions’ Trophy tournament, both of which events were hosted and organised by CSA.

The final report, on which Advocate Azhar Bham SC based his legal opinion, contains significant alterations and additions to the draft report that was presented to the Board of Directors at their meeting at Kempton Park on July 30, 2011.

Principal of these is the conclusion that the allegation, made by CSA President Mtutuzeli Nyoka, of R68-million missing from CSA accounts is without foundation.

The report found that the amount claimed by Nyoka to be missing was in fact paid into the account of the Board of Control for Cricket in India (BCCI). Hence, no evidence could be found to support Nyoka's allegations that R68-million was misappropriated from the CSA account arising from the IPL tournament.

Read more on:    csa scandal

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